Technical analysis attempts to understand the market psychology by studying the behavior of the market in the past. If one understands the essence, benefits and limitations of technical analysis, it can give him new skills to become a better trader.

Eight months in advance, one eccentric genius predicted the start of historys greatest bull market accurate to within 17 days and 7 Dow Jones points. Then, days before his death, he called its end precisely. Louis Rukeyser called him uncannily accurate.